Word: imported
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...paid officers of the junta slapped immense fines on prosperous businessmen and merchants for "illegal profiteering." Many of the fines were later reduced, but the business community remains in deep shock. In one district of Pusan alone, 400 shops have closed. The junta-imposed embargo on virtually all imports remains in force. Coke and U.S. cigarettes are out, and domestic "reconstruction cigarettes" now lead the field. The import restrictions are theoretically necessary to redress South
...make up for income taxes, governments rely heavily on export-import duties, indirect taxes levied on the manufacture of goods and excise taxes slapped on top of that. The result, in many cases, is a hodgepodge of taxes and tariffs that often discourages industry and holds down consumption...
...such new machinery as a fully automated yarn mill now under development that cuts labor costs 40%. Textile men agree that the new write-offs will help mightily, but they are not fully satisfied yet. They vowed a further fight against the No. 1 problem-low-priced foreign imports-through a push for import controls...
...industry recognized the Market's potential from the start. U.S. corporations have been pouring capital into Europe at a record clip ($844 million in 1960 alone). And though the Common Market was expected to import fewer goods from the U.S., American exports to the six-nation area last year actually soared 42% (to $3.4 billion) over the 1959 level. In time, Common Market manufacturers, including U.S. subsidiaries, will undoubtedly supply a far higher proportion of the consumer goods, from plastic ice buckets to portable TV sets, that now come largely from the U.S. But the loss will be more...
...first step on the path to complete Arab unity," it was soon apparent to Syrians that their wealth was being siphoned off to prop impoverished Egypt. Nasser's land reforms alienated landowners and hurt the economy. Businessmen, after long years of laissez faire, bitterly opposed Nasser's import restrictions, currency controls, a new income tax, nationalization of banking and insurance...